ANGOSS FUNDGUARD™ NOW UTILIZED IN OVER $1 TRILLION FUND ASSETS UNDER
MANAGEMENT

TORONTO, Aug. 31 /CNW/ - Angoss Software Corporation (TSX-V: ANC), a leading provider of software and solutions in predictive sales and marketing analytics, today announced that FundGUARD™ is now deployed at fund distributors representing over $1 Trillion in assets under management.

"FundGUARD™ has become the solution of choice for Mutual Fund distributors seeking to make their sales teams more data driven and efficient" states Vice President of Angoss Software, Dr. Ian J. Scott, "It is exciting to see the impact of customer data when it is moved from the back office to the forefront of business decisions." 

FundGUARD™ is an on-demand sales and marketing optimization solution that empowers fund distributors to make better decisions on where to focus their resources and investments to maximize asset growth, and minimize redemptions. By segmenting financial advisors according to how they buy and redeem investments and by tracking AUM trends, FundGUARD™ provides insight into how the client base is developing over time, and provides predictive decision support to optimize sales and marketing strategies.  FundGUARD™ also helps mitigate redemption risk by identifying financial advisors most likely to switch to competitors, allowing sales teams to target accounts strategically.

The FundGUARD™ solution has become popular amongst leading fund companies such as Russell Investments, Nuveen Investments, and OppenheimerFunds, as it delivers significant, measurable ROI in driving higher value sales and has the flexibility to be used as a stand-alone solution or seamlessly integrated into a client's existing CRM system. 

For more information on FundGUARD:  http://www.angoss.com/sales_and_marketing/FundGUARD.php

About Angoss Software Corporation

Headquartered in Toronto, Canada, with operations in the U.S., and U.K, Angoss helps clients grow revenues and reduce risk using powerful predictive analytics and data mining software that unlock actionable knowledge from customer data.   Angoss increases the intelligence of marketing, sales, and risk activities for some of the world's largest financial services, telecom and technology companies including HSBC, Citigroup, JP Morgan Chase, GE Money, Vodaphone, T-Mobile, and in Canada, RBC, Bell Canada, Rogers Communications, and CT Financial.  Angoss helps these and other companies discover patterns amongst customer activity, predict the impact of their marketing, sales and risk strategies, and act on this insight with actionable, predictive rules that generate improved business performance. Angoss is listed on the Toronto Venture Exchange under the symbol "ANC" and has been operating since 1984. For more information regarding Angoss Software Corporation, visit www.angoss.com.

This press release contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. The accuracy of these statements may be impacted by a number of business risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including: the risk that the sale of our products and services involves a long sales cycle; the risk that the economic environment and business conditions will remain difficult to predict; the risk of competition in our target markets;   the risk that we may not respond adequately to evolving technologies; the risk that we or our customers may have difficulties in introducing our products or services; the risk that we will encounter difficulties in continuing to offer services; the risk that we will encounter difficulties in integrating the operations of acquired companies with our own; the risks of conducting our operations in a variety of international locations; the risk that we may need to record future write-downs of assets arising from our investments in other companies; the risks relating to the costs that we may incur as a result of litigation against us; and  other risks described in our filings with securities regulatory authorities, including our annual reports, interim financial statements and similar disclosure documents.  Angoss Software Corporation does not undertake any obligation to update this forward-looking information after the date of its initial publication, except as required under applicable law. Sapien Information Services Corporation is not affiliated with Sapien Canada Inc. of Toronto, Ontario or Sapient Corporation of Boston, Massachusetts.

Note: The Toronto Venture Exchange has neither approved nor disapproved the above information.

For further information:

Contact:
Annie Ho
Marketing Manager
416-593-2415
[email protected]